December 24, 2012 2:09 pm
After retirement i want pension of Rs.10,000 atleast, So pl suggest what is best option to investment in Retirement plan?
Thanks in Advance.
I suggest you design your own retirement plan and do not depend on OTS (Off the shelf) pension products. Combination of direct equity,MF,PPF should meet your requirements though not guaranteed.
Please use this and see the amount you need to invest
This will give you an idea of the kind of parameters involved,
At 34 with a goal 21 years away you should invest a big portion say about 60-70% of what you can save in MFs
Refer to this to choose MFs
Rest of the money can be invested in PPF.
I am 34 yrs, make a retirement plan. After 21 yrs pension received in hand of Rs 10,000 min.
So pl suggest the best Retirement plan & its benefits
First you need to justify to yourself about this 10,000 figure.
If you are retiring immediately this will be pension in first year of retirement. since inflation has to be accounted for
If are retiring say 10 years away then this 10,000 must be increase by a % say 7-8% which represents average inflation.
Constant pension in retirement is a danger because inflation with kill financial freedom.
Next you need to determine how long you expect to live after retirement.
Only after this data is available one can decide how need to be saved as retirement corpus then how much need to be invested at some given rate of return.
No financial planner will recommend a single retirement product. Depending on age a combination of mutual funds and PPF will be recommended.
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